The Wheeling daily intelligencer. [volume] (Wheeling, W. Va.) 1865-1903, 1887-07-25
GOULD AND GARRETT.
WILL THEY YET MAKE A DEAL
it's Beiieyed that Wall Streets King will
Gobblo tho Whole business, with An
other Cable Thrown In..The Teleg.
rnphors Have u scheme Also.

NRw YoRK, July aI.-Unlesa all aignt
fail, Jay Gould will soon be the owner o
the Baltimore & Ohio Railroad, and o.
tho telegraph System OF the same name
BY the purchase Of tho first Mr.. Gould
will have q New York terminus. for bic
Western and Southern systems OF rail.
ways, and In few yeRra from now he
will have his roads all leading to Staten
Island. A lease for ninety mine yesrs OF
the Staten Island Rapid Transit road goes
with the sale Of the Baltimore & Ohio
and Gould will find a way to bridge the
Arthur Kill, which project the
New Jersey Legislature is fighting
hard to defeat. Gould has never
ceased to desire road leading into Now
York since he lost control OF the Erie. He
was compelled by that to begin to build
from the West eastward, and the sale now
positively concluded and soon to be an.
nounced completes the labor OF years Of
apeculating and manipulating, ends 1t for
the present, but not forever. When Gould
Ia once lodged on Staten Island he will
want to bridge or tunnel the Narrows and
make tho extrome end Of Long Island his
eastern terminus; and then he will pro.
badly bridge the Atlantic with tho syifteet
OF steamers, and carry passengers from
Liverpool to San Francisco with but A
single change from the steamers to the
cars, a6 tf 81
A friend oil Garrett's who was in his
company during most Of the time spent BY
Garrett In THO city, said to-day that Ives
& Co., would be treated by Mr.. Garrett
tho same az any other contracting parties
would. They had made a contract and
failed to keep it. Mr.. Garrett, he says,
will not sell his stock to them now on any
terms and OF the payments made Mr.. Gar.
rett will keep all that no has n title to.
Tho Little NIan Consolidating the Cables.
New YoRx, July 24.-The World gays 1t
has received trustworthy information that
negotiations have been on foot for aome
time between Jay Gould and John W.
Mackay Tor the termination OF the tele.
graph war by the consolidation OF the
Mackay-Benne!t Gable Company with the
Weatern Union. The conclusion was
reached that consolidation Was deBira.
Bile, and committee was appointed to
formulate plan and arrange details.
The committee, which consists OF DR..
Norvin Green and General T. Eckert, for
the Western Union Company, and S. L,
NJ. Barlow and A. B. Chandler, for the
Commercial Cable and United Lines Tele-
graph Companies, has held thres or four
meetings, but the stumbling block in the
way OF an agreement is guarantee given
by the Commercial Gable Company to its
customers.
II the consolidation should be effected
now, and thiB company should raise its
price to fifty cents after the war has lasted
over fourteen months, 1t would be legally
bound TO refund to its customers from ten
to thirteen cents per ward on all the bust.
ness it has done from May 4, 1855, to the
present time. It is estimated that the sum
would approximate S2,500,0OO. 1t is be-
lieved that one OF the conditions Of the
consolidation insisted On by Mr.. Msckay
is that Mr.. Gould and his friends shall as.
eume this obligation, and that the latter
are celebrating whether some method can
be devised to circumvent it. And so the
deal hanga fire.
The story Of the probable consolidation
is denied by President Decastro, OF the
Commercial Cable Company, who says,
however, that he does not think the cable
war can last much longer, and that when,
ever settlement is made the Commercial
Cable Company will faithfully carry out
it's guarantee TO the public.